The section offers an overview of basic business concepts that are important for farmers as they build their record keeping systems and plan for growth. Many of the concepts discussed in this section will come up throughout the program. At …
QuickBooks is the bookkeeping software that most small businesses use; and it’s what I recommend for all my clients. This section gives an overview of QuickBooks, how to set up your company file, and start entering basic transactions. Before starting …
With a basic understanding of QuickBooks, we can dig deeper into its functionality — such as using items to better track sales and expenses; and journal entries to ensure QuickBooks better reflects your economic reality. We go over reports and …
Perhaps the most basic concept in business – you need to price (and sell) your products for more than it costs you to produce. You may not realize you’re losing money on one crop if you only look at your …
Few businesses have such wild swings in cash flow as farms do. Vegetable farms bleed cash in the winter and spring as they plan for the growing season; and it’s not until June when the cash starts to trickle back …
You’ve kept good financial records. Now what? In this workshop, we will review the financial statements with a managerial eye: What does the Balance Sheet tell me about my business? How can I improve my profitability by reviewing by my …
Thinking about purchasing a tractor or building a new farm-stand? Investing in your business requires thought and planning; especially if you need to borrow money. In this section, we discuss how to analyze investment opportunities. We’ll walk through the steps …
We will work through a live Excel spreadsheet and create cash flow projections, step by step: • Review historicals • Make assumptions about revenue and expenses • Build out a profit and loss statement based on assumptions • Layer in …
Tracking inventory can help you understand the how much of each item you sell at the farmers’ market or through your farmstand; which can be especially helpful if you don’t have a good POS system. Knowing the detailed sales will …
The Farmer’s Office – Online is approved by FSA for their borrower training requirements. To satisfy the requirement, you will need to complete the courses that are part of the FSA Borrower Approved Membership, and take the final quiz below.